Look at the economy right now. It is supposed to be OK. It used to work on the 9-6-3-3 method. That meant that the banks opened at 9AM. They loaned you money at 6%, gave you 3% on savings and closed a 3PM. This was a nice system. This gave you a reasonable amount of loan interest and a nice return on saving.
Today you get almost nothing for savings. Although loan rates are as low as they have ever or will be. In the event you have good credit.
The government is paying out so much money now for entitlements. How can they do it? Well they can not. They have borrowed so much money. Mostly from China. Why would China lend us money? I do not know for sure but a lot of it has to do with shifting of manufacturing to China.
Now the China economy is peaking out. Are they going to want their money back right now? Do they own the entire United States? Who knows.
I do know that about half of the business we do at the store I work at is food stamps. That is scary. But true. As a nation we pay about half to sit home and do nothing. About ten percent makes good money and the other 40 percent works at a level of the people that sit at home.
This can not continue. The government is out of money. But what are we going to do?
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